The FSC and the FSS held the 2nd taskforce meeting on improving the management and operating practices of banks on March 29, chaired by FSC Vice Chairman Kim So-young. At the meeting, participants went over the issues that have been discussed in previous working group meetings up to now and held discussions on things to consider when introducing small licensing units for banking business and consumer benefits and regulatory direction for allowing payment settlement services for nonbank financial institutions. Authorities plan to hold the 5th working group meeting of the taskforce on improving the management and operating practices of banks on April 12 (tentatively scheduled) to discuss measures to promote corporate social responsibility in the banking sector.